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A report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics finds that India issued tenders for 73 GW of utility-scale renewable energy capacity in 2024, surpassing the Ministry of New and Renewable Energy’s (MNRE) annual target of 50 GW. Notably, nearly half of these tenders included wind-solar hybrid and battery energy storage projects, reflecting demand from energy offtakers for improved power quality.
Germany aims to expand its offshore wind capacity from approximately 9 GW at the end of 2024 to at least 70 GW by 2045. This expansion will make offshore wind a significant contributor to the country's climate-neutral electricity generation, covering around 25% of Germany’s gross electricity production.
The offshore wind industry is set for renewed expansion following a period of slower growth, according to research from Rystad Energy. Increased investment and a wave of new project approvals are expected to drive the sector forward, with a particular focus on developments in China, Europe, and the USA.
According to WindEurope's 2024 Statistics, the European Union added 13 GW of new wind energy capacity in 2024, while the wider European region installed a total of 16.4 GW. Onshore wind accounted for 84% of the new capacity. Germany led with over 4 GW of new installations, followed by the UK, France, Finland, Türkiye, Spain, and Sweden, each adding more than 1 GW.
A review by the Sun Day Campaign of newly released data from the U.S. Energy Information Administration (EIA) confirms that wind and solar energy continued to expand in 2024, with overall renewable electricity generation increasing by nearly 10% and providing almost a quarter of the nation’s total electricity output.
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